(FMX) Fomento Economico complete technical analysis [charts+indicators] | Buy/Sell Fomento Economico | (FMX) share price targets
Complete technical analysis of Fomento Economico (FMX) by charts plus indicators, forecast predictions and share price targets for Fomento Economico (FMX)
Fomento Economico trades in USA in Consumer Non Durables sector.
Showing technical analysis as on 2024-01-16 View latest technical analysis
10 day averaged volume of Fomento Economico is 349930
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 129.93 | 130.02 | 130.21 | 128.61 | 1.978 times |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 1.064 times |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 1.064 times |
| 11 Thu Jan 2024 | 129.23 | 128.09 | 129.86 | 127.54 | 0.724 times |
| 10 Wed Jan 2024 | 128.32 | 127.26 | 128.88 | 126.88 | 0.864 times |
| 09 Tue Jan 2024 | 127.66 | 127.48 | 128.88 | 126.66 | 0.97 times |
| 08 Mon Jan 2024 | 128.41 | 126.70 | 129.03 | 126.70 | 1.086 times |
| 05 Fri Jan 2024 | 126.35 | 126.22 | 127.07 | 125.60 | 0.802 times |
| 04 Thu Jan 2024 | 126.27 | 126.93 | 127.61 | 125.62 | 0.59 times |
| 03 Wed Jan 2024 | 127.38 | 127.97 | 128.98 | 126.39 | 1.496 times |
My analysis of stock is bullish for shortterm, and stock might move up till 131.3 or till 133.3. Use a stoploss of 129.56 and if this stock hits its stoploss, then it can fall down till 127.85
Share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Target | 99.24 |
| Downside Target | 105.87 |
| Downside Target | 112.86 |
| Downside Target | 124.80 |
| Downside Target | 129.81 |
| Upside Target | 130.21 |
| Upside Target | 130.30 |
| Upside Target | 130.73 |
| Upside Target | 130.74 |
| Upside Target | 133.62 |
Intraday share price targets for Fomento Economico (FMX)
| Target Type | Value |
| Downside Intraday Target | 128.96 |
| Downside Intraday Target | 127.98 |
| Upside Intraday Target | 130.56 |
| Upside Intraday Target | 131.18 |
| Downside Intraday Target | 129.58 |
Weekly technical analysis of Fomento Economico (FMX)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 129.93 | 130.02 | 130.21 | 128.61 | 1.858 times |
| 12 Fri Jan 2024 | 130.02 | 129.07 | 130.74 | 129.00 | 0.226 times |
| 12 Fri Jan 2024 | 130.02 | 126.70 | 130.74 | 126.66 | 1.114 times |
| 05 Fri Jan 2024 | 126.35 | 129.53 | 130.30 | 125.60 | 7.271 times |
| 29 Fri Dec 2023 | 130.35 | 130.35 | 130.73 | 129.81 | 0.245 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Fomento Economico (FMX)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 129.93 | 129.53 | 130.74 | 125.60 | 0.58 times |
| 29 Fri Dec 2023 | 130.35 | 126.46 | 133.62 | 124.80 | 0.518 times |
| 30 Thu Nov 2023 | 126.89 | 114.39 | 128.63 | 112.86 | 0.952 times |
| 31 Tue Oct 2023 | 113.41 | 108.62 | 113.53 | 99.24 | 1.307 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Fomento Economico (FMX)
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Fomento Economico stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Fomento Economico in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fomento Economico Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Fomento Economico is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 128.58 and Fomento Economico (FMX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Fomento Economico (FMX) stock. Volume based technical analysis of Fomento Economico (FMX) stock is negative.
Fomento Economico Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fomento Economico ( (FMX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Fomento Economico stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Fomento Economico in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fomento Economico Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fomento Economico in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Fomento Economico is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 128.58 and Fomento Economico (FMX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Fomento Economico (FMX) stock. Volume based technical analysis of Fomento Economico (FMX) stock is negative.
Fomento Economico Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.